JPST vs TFLO: Yield, Cost and Returns Compared
As of Nov 5, 2026, JPST yields more: 4.13% (current yield) against 3.72% for TFLO. TFLO is cheaper to own at 0.15% a year vs 0.18%. Over the same 9 years (May 2017 to Oct 2026), JPST returned 3.0% a year with distributions reinvested, and TFLO 2.6%. JPST's income is mostly taxable by states; TFLO's is generally exempt from state income tax.
| Compared | JPST | TFLO |
|---|---|---|
| YieldCurrent yield | 4.13% | 3.72% |
| Expense ratio | 0.18% | 0.15% |
| Total return, 1 yr | +3.5% | +4.0% |
| Total return, 3 yr (a year) | +4.9% | +4.6% |
| Total return, 5 yr (a year) | +3.9% | +4.0% |
| Total return, 10 yr (a year) | — | +2.5% |
| Worst drop since May 2017 | -1.7% | -0.0% |
| Share price since May 2017 | +1% | +1% |
| Pays | Monthly | Monthly |
| Issuer | JPMorgan | iShares |
| Assets | $42.5B | $7.3B |
| Started | 2017 | 2014 |
| Type | Ultra-short bond ETF | Treasury ETF |
Higher yield
JPST
4.13%
Lower cost
TFLO
0.15%
Better total return
JPST
3.0%/yr
Smaller worst drop
TFLO
-0.0%
Key facts: JPST vs TFLO
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, JPST yields 4.13% (current yield) and TFLO yields 3.72% (current yield).
- JPST's expense ratio is 0.18% and TFLO's is 0.15%: $18 vs $15 a year on $10,000.
- From May 2017 to Oct 2026, $10,000 in JPST grew to $13,217 (3.0% a year) and $10,000 in TFLO to $12,776 (2.6% a year), distributions reinvested.
- Their worst month-end drops over that time: -1.7% for JPST and -0.0% for TFLO.
- JPST's income is mostly taxable by states, while TFLO's is generally exempt from state income tax.
- 0 of JPST's top ten holdings are also in TFLO's top ten.
Cite this page
SmarterDividends, "JPST vs TFLO: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/jpst-vs-tflo
$10,000 in each, May 2017 to Oct 2026
Distributions reinvested, month-end values.
JPST became
$13,217
3.0% a year
TFLO became
$12,776
2.6% a year
Year by year
| Year | JPST | TFLO |
|---|---|---|
| 2025 | +5.0% | +4.2% |
| 2024 | +5.6% | +5.3% |
| 2023 | +5.1% | +5.1% |
| 2022 | +1.1% | +2.0% |
| 2021 | +0.1% | +0.0% |
| 2020 | +2.2% | +0.4% |
| 2019 | +3.3% | +2.0% |
| 2018 | +2.2% | +1.8% |
Total return each calendar year, distributions reinvested.
What each holds and how it's taxed
- JPST · Ultra-short bond ETF
- Holds short-term bonds, which can include corporate or asset-backed debt, for a little more yield than T-bills and a little more price movement.
- TFLO · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
General information, not tax advice. Every cash fund by yield →
Top holdings
No overlap in the top ten.
JPST
- MGMXX JPMorgan US Government MMkt IM2.9%
TFLO
- XTSLA BlackRock Cash Funds Treasury SL Agency0.1%
JPST vs TFLO: questions
Is JPST or TFLO better?
It depends on the job. JPST pays more today (4.13% vs 3.72%), TFLO costs less, and JPST has the better total return over May 2017 to Oct 2026, with TFLO holding up better in its worst stretch. For cash you may need soon, yield after tax and how easily you can get the money out matter more than past returns.
Which pays a higher dividend, JPST or TFLO?
JPST, at 4.13% against 3.72% for TFLO as of Nov 5, 2026. On $10,000 that's about $413 vs $372 a year at today's rates.
Which has the better total return?
JPST. From May 2017 to Oct 2026, it returned 3.0% a year with distributions reinvested, against 2.6% for TFLO. $10,000 became $13,217 vs $12,776.
Which is cheaper, JPST or TFLO?
TFLO, with a 0.15% expense ratio against 0.18%.
How are JPST and TFLO taxed?
JPST: Holds short-term bonds, which can include corporate or asset-backed debt, for a little more yield than T-bills and a little more price movement. TFLO: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). General information, not tax advice.
Do JPST and TFLO hold the same things?
Not at the top: none of their top ten holdings match.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. TFLO leads on 4 of 6 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.